Erdogan has limited options to save Turkey from financial crisis


  • World
  • Wednesday, 05 Sep 2018

FILE PHOTO: A 20 lira banknote is seen through a magnifying lens in this illustration picture taken in Istanbul January 28, 2014. Turkey's central bank governor raises hopes of emergency rate hike in face of opposition from Prime Minister Tayyip Erdogan, denying he is hostage to political pressures and vowing to fight rising inflation and tumbling lira. REUTERS/Murad Sezer/File Photo

ISTANBUL (Reuters) - After 15 years in power as prime minister and president, Tayyip Erdogan faced down a weak opposition in June elections that swept away any checks and balances to the unchallenged rule he wanted. In Turkey he appears lord of all he surveys.

But his victory could become a poisoned chalice if he cannot resolve an angry feud with President Donald Trump that is pushing his country towards financial crisis.

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